US Has Enough Energy Resourses For Over 1000 Years

CRS Report: US Has Largest Energy Resources on Earth

by Peter C Glover

In case anyone missed it, let me repeat something that is of a magnitude of 10 on the scale of news-quakes for Joe Public USA: America’s combined energy resources are, according to a new report from the Congressional Research Service (CSR), the largest on earth. They eclipse Saudi Arabia (3rd), China (4th) and Canada (6th) combined – and that’s without including America’s shale oil deposits and, in the future, the potentially astronomic impact of methane hydrates.

“The Obama administration has made a conscious policy choice to raise energy prices, accomplished in good measure by restricting access to domestic energy supplies.” So says Senator James Inhofe, a Ranking Member of the Senate Environment and Public Works Committee. He adds forthrightly, “We could help bring affordable energy to consumers, create new jobs, and grow the economy if the Obama administration would simply get out of the way so America can realize its true energy potential.”

While the US is often depicted as having only a tiny minority of the world’s oil reserves at around 28 billion barrels (based on the somewhat misleading figure of ‘proven reserves’) according to the CRS in reality it has around 163 billion barrels. As Inhofe’s EPW press release comments, “That’s enough oil to maintain America’s current rates of production and replace imports from the Persian Gulf for more than 50 years”. Next up, there’s coal. The CRS report reveals America’s reserves of coal are unsurpassed, accounting for over 28 percent of the world’s coal. Much of it is high quality too. The CRS estimates US recoverable coal reserves at around 262 billion tons (not including further massive, difficult to access, Alaskan reserves). Given the US consumes around 1.2 billion tons a year, that’s a couple of centuries of coal use, at least.

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New EPA Rules Will Increase Cost of Energy

by IBD Editorials

Overregulation: The Environmental Protection Agency has two new rules it wants to impose on utilities that use coal. But the rules make sense only if you want less energy, higher prices and fewer jobs.

Remember then-candidate Barack Obama's comment in January 2008 that the price of electricity would "necessarily skyrocket" once his policies went into effect?

It's now coming to pass — just as OPEC has decided it doesn't want to pump more oil. Get the picture? We're being systematically starved of energy, and our economy is suffering. Just don't ask the White House to help.

Broadly, the new EPA rules seek to clean up the air. Everyone's for that, of course. But at what cost?

According to a study the economic consulting firm National Economic Research Associates conducted for the coal industry, the two new rules mentioned above will by themselves cost electric utilities $184 billion by 2030 and kill 1.4 million jobs.

So why do it? Coal, our nation's No. 1 energy source for making electricity, is "dirty." And granted, coal isn't the cleanest available energy. But clean-coal technologies make it cleaner than ever.

It's also the least expensive and most easily available energy we have. For a pittance, it provides fully half the power we need to heat and cool our homes and run our TVs and computers.

But if these EPA rules go into effect, the cost of energy will shoot up 11% to 23% in just a few years.

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Can a State Bypass the EPA?

by Jillian Bandes

In 2010, the EPA granted exactly two new coal mining permits in West Virginia. There are fifty outstanding permits, because according to the EPA, bugs are more important than jobs.

Mayfly populations are disrupted when coal companies dig beneath the surface of the earth, which the EPA says affects the amount of food and thus the populations of indigenous fish. Other research has indicated that as soon as those bugs leave, other ones take their place, and fish populations are unaffected.

As the result of this standoff, coal cannot expand in Appalachia, and some of the highest paying jobs in the state remain unfilled. For state representative Gary Howell, that’s unacceptable.

“The EPA gets their authority from the Commerce Clause. Where no interstate commerce exists, their authority stops,” he said. That’s why he has introduced a bill that would exempt West Virginia coal from the EPA’s grip, allowing coal to be regulated only by a state agency.

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Hopi Tribal Council bans environmental groups

Actions by environmental groups threaten total

economic collapse of the tribe, council declares

by Navajo-Hopi Observer

KYKOTSMOVI, Ariz. - The Hopi Tribe has a message for the Sierra Club and other environmental groups: Keep out!

That is the response of the Hopi Tribal Council on Monday to what it says has been continuous concerted attacks from local and national environmental groups "bent on advancing their interests and agenda at the expense of the Hopi Tribe and its sovereign interest."

The council wants the Sierra Club and other environmental groups and on-reservation organizations affiliated with these groups to know they are not welcome on the Hopi Reservation, declaring them persona non grata - no longer favored or welcome.

By a resolution approved 12-0, the council said environmentalists have deprived the tribe "of markets for its coal resources" and coal revenues needed to sustain governmental services, provide jobs for tribal members and safeguard Hopi culture and tradition.

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